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Jun 30, 2020
SI-BONE Q2 2020 Earnings Report
Reported financial results with revenue decreasing by 14% year-over-year due to the COVID-19 pandemic.
Key Takeaways
SI-BONE, Inc. reported a decrease in revenue for the second quarter of 2020, primarily due to the impact of the COVID-19 pandemic on case volumes. Revenue was $14.0 million, a 14% decrease compared to the previous year. The company completed debt refinancing and obtained positive coverage by Aetna.
Revenue of $14.0 million for the second quarter 2020, representing a 14% decrease over the corresponding period in 2019.
U.S. revenue of $13.2 million for the second quarter 2020, representing a 12% decrease over the corresponding period in 2019.
Completed debt refinancing of $40.0 million term loan.
Obtained positive coverage by Aetna, the third largest commercial health plan in the United States with over 22 million members.
Revenue by Geographic Location
Forward Guidance
Due to the evolving environment and continued uncertainties from the impact of COVID-19, SI-BONE has withdrawn its previously announced guidance for the full year 2020.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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